Energy XXI Stock Hits New 52-Week High (EXXI)

NEW YORK ( TheStreet) -- Energy XXI (Nasdaq: EXXI) hit a new 52-week high Monday as it is currently trading at $37.27, above its previous 52-week high of $37.20 with 1.6 million shares traded as of 2:45 p.m. ET. Average volume has been 807,200 shares over the past 30 days.

Energy XXI has a market cap of $2.55 billion and is part of the basic materials sector and energy industry. Shares are up 10.6% year to date as of the close of trading on Friday.

Energy XXI (Bermuda) Limited, together with its subsidiaries, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties onshore in Louisiana and Texas, and offshore in the Gulf of Mexico. The company has a P/E ratio of 13.7, below the average energy industry P/E ratio of 28 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Energy XXI as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, attractive valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Energy XXI Ratings Report.

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